Morrison (wm) Supermarkets Share Discussion Threads

[loganair] 04/7/2021 16:38

When the stock market opens at 8am on Monday, all eyes will be on Morrisons’ share price as City insiders weigh up the likelihood of a bidding war for the suddenly in-demand supermarket chain.

Over the weekend, executives in at least three groups are thought to have been frantically Zooming financiers, as the battle to buy the Bradford-based supermarket chain intensified.

It emerged that that another American private equity player, Apollo Global Management, had hired Morgan Stanley with a view to mounting a takeover bid of its own.

Despite all the interested parties remaining tight-lipped on Sunday, CD&R, which has the former boss of Tesco, Sir Terry Leahy, as a senior adviser, was said by insiders to have “plenty more petrol in the tank”. It believes that some on the Morrisons board would be more amenable to an increased offer. Under UK stock market rules the rival US investment firm has until 17 July to either make a firm offer or walk away.

It raises the prospect of a three-way battle for the company that until recently was seen as largely unloved by investors, although it remains to be seen whether the other interested groups will top the Fortress-led offer.

[nerdlinger] 04/7/2021 14:07

Might be a good strategy for Morries (ignoring takeovers):

[fletcher270] 04/7/2021 12:37

Rumours Apollo will bid don't trust them I had William Hill when Caesar bid Apollo were just messing

[leadersoffice] 04/7/2021 11:05

2.54? You must be joking ..,, no way will I vote for that. I expect a higher offer.

[tygwyg] 04/7/2021 09:06

Bizarre to think any numbers in the public domain are anything other than a mix of pr candy and balls of the curvy variety.

[tygwyg] 04/7/2021 08:57

Expectation management ops in full swing

[chinese investor] 04/7/2021 08:37

No reason why they should be frozen.

[mr bennn] 04/7/2021 08:35

Can somebody just confirm if the Morrisions shares will still be trading on the ftse tomorrow please, as we hold a Morissons sharesave account ? Or are they now frozen ? Thanks.

[wrestlingmad] 04/7/2021 07:35

Rival buyout firms are preparing for a potential bidding war.

The Sunday Telegraph understands that Apollo Global Management, another American private equity player, has hired Morgan Stanley and is weighing an offer of its own.

[inv] 03/7/2021 22:52

Further bid coming
Monday at 275p

[pjleeds] 03/7/2021 21:36

Full stop.X

[pjleeds] 03/7/2021 21:02

The govt. is corrupt.x

[loganair] 03/7/2021 20:58

Morrison hasn’t yet spoken to the government about the Fortress deal but intends to start the process now, a person familiar said.


HSBC and RBC Capital are advising Fortress and also providing debt funding for the deal. Fortress’ other retail and petrol forecourt investments include Albertsons, Circle K and Fresh & Easy in the US, and Majestic wine stores in the UK. The firm said it intends for Morrison to continue to operate as a standalone business with its head office remaining in Bradford, and led by its current management team.

[igoe104] 03/7/2021 20:01

Its coming home...

[hades1] 03/7/2021 19:53

Likely new bid from Apollo and further bid from CD&R both being considered - Both being reported tonight.
Hotting up!

[hillfoot7] 03/7/2021 19:32

Not at all worked for the company for 35 years we became more successful every year from a small Yorkshire family owned base not a bad end result market stall to 6.5 billion in 50 years thanks Ken

[squeamish1] 03/7/2021 18:52

If you listen carefully you will hear the sound of Sir Ken spinning in his grave

[loganair] 03/7/2021 17:22

Shareholders ultimately decide, and the views of long standing investors Silchester, with a 15% stake, and Columbia Threadneedle, with 9.5%, will be critical. Neither has hinted yet at where it sees fair value.

[nerdlinger] 03/7/2021 17:18

If this stretches out 8 weeks or so, 1st September, MRW will be back in the FTSE 100. Probably.